Goldman Sachs was focused on growing its Global Banking and Markets, and Asset and Wealth Management businesses in the first quarter of 2023...

JPMorgan Chase decreased technology, communications, and equipment expenses year over year during the first quarter of 2023, but an increase in headcount and...

The Canadian Scotiabank increased its year-over-year tech spend by 9% to $372 million during the first quarter to support business growth as the bank...

HSBC’s cost-reduction efforts have allowed the bank to up tech spend to improve workflow efficiency and customer experience. THE BIG PICTURE: The $3 trillion,...

Technology spend at banks varied during the fourth quarter of 2022 amid talk of a recession.  The $3 trillion Bank of America saw 8%...

PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce cuts in the fourth quarter...

JPMorgan Chase reported increased revenue and mobile usership in the fourth quarter of 2022 despite a year-over-year decrease in tech spend. WHY IT MATTERS:...

Canadian banks upped their technology spend and talent acquisition efforts in the fiscal fourth quarter amid increasing digital adoption. The $1.4 trillion TD Bank...

Technology spend at banks grew in the third quarter as mobile usership, tech partnerships and digital enhancements remained a priority for most of the...

Core provider FIS saw a slight increase in banking solutions revenue in the third quarter as demand for its technology offerings remained strong amid...

Ferris named new FIS president Core provider FIS promoted Stephanie Ferris as its new president earlier this month. Ferris previously served as chief operations officer and chief accounting officer at FIS, where she was responsible for leading global strategy and technology transformation, as well as the global integration of Worldpay, an e-commerce and payment solution. […]

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels. “We've continued to invest heavily in technology, spending around $6 billion in 2021, which is equivalent to 19% of our adjusted operating expenses,” HSBC Group Chief Financial Officer Ewen […]